About the job

The Asset Manager is a key member of the portfolio management teams, reporting directly to the Head of Asset Management. The Asset Manager will be responsible for maximizing the long-term cash flow growth of each property in the company's portfolio. This includes working with the Acquisitions team to establish and update a business plan for each property, working with the capital team to create a 5-year plan for each asset that maximizes net present value while minimizing risk and reporting to ownership on the performance of the portfolio. The Asset Manager will also work with the Acquisitions team to evaluate new acquisition and development opportunities.

Essential Duties and Responsibilities

Responsible for company assets with the goal of executing the business plan for each and maximizing Net Operating Income
Provide day to day asset management supervision of some portion of the company portfolio
Enhance and grow long term asset value of the company portfolio
Communicate key portfolio goals to the asset management, property management, and leasing teams
Negotiate letters of intent and leases with key tenants in conjunction with leasing team
Help provide strategic direction to the in-house leasing team across the portfolio
Assist the CFO to manage the budget process for the company portfolio and supervise property level P&L
Assemble and /or supervise other team members in the assembly of investor reporting packages on a quarterly basis for assets outside the public company
Identify critical areas for value-add opportunities across the portfolio and within individual assets, including the leasing, operations, and property-level areas
Manage coordination of post-acquisition activities and integration of asset into the company's ownership portfolio
Identify and establish departmental KPI’s and other important key reporting structures
Potentially oversee minor construction and tenant related construction projects
Negotiate third party contracts
Review, analyze, comprehend, abstract and interpret various types of real estate documents, including leases, rent rolls, budgets, operating statements, expense recovery reconciliations, loan agreements and other information used in the underwriting process

Skills and Experience:

2 -3 years’ experience in a financial analytics type position; 2 -3 years in commercial real estate with an emphasis in retail markets. Experience in property management/leasing/operations desirable. Public company experience is a plus
Firm understanding of financial terms and principles necessary in real estate underwriting, including Discounted Cash Flow, IRR, NPV, Time Value of Money, Return on Equity, etc.
Ability to comprehend, analyze and interpret various types of real estate documents, including leases, contracts and financial statements
Fundamental understanding of key aspects of the lease process and leases and their impact on property performance. Experience negotiating with tenants is a plus
Highly developed verbal and written communication skills – ability to interact effectively and professionally with a wide variety of internal parties (managers, analysts, sales professionals, clients, etc.)
Close attention to detail and strong organizational skills; ability to multi-task in order to meet client deadlines
Proficient computer skills, particularly in Excel. Experience with ARGUS Enterprise, YARDI, and VTS is preferred, although not required

Essential Qualities:

A self-starter with excellent communication and presentation skills who relishes a leadership role in a lean, boutique firm
Demonstrated history of managing a team and coordinating amongst multidisciplined teams or departments
Strong analytical skills, financial/math skills and a keen sense of numbers
Close attention to detail and strong organizational skills; ability to multi-task in order to meet deadlines
Exceptional time management skills and the ability to prioritize competing demands
High level of integrity and ethics
Encourages and practices critical thinking
Is self-reflective and empathic
Recognizes the influence of workplace relationships on outcomes and results
Maintains a respectful and accepting approach to others
Awareness of the influence of the larger context on individual behavior; possesses high EQ
Collaboratively and creatively supports the work efforts of colleagues at all levels and in all areas of the company

Education:

Bachelor’s degree (BA/BS) from a four-year college or university required. Advanced degree preferred. Focus in Real Estate, Finance, Accounting, or Economics is a plus. An equivalent combination of education and experience will be considered.

NO CALLS. NO THIRD PARTY RECRUITERS.

Job Type: Full-time

Pay: $110,000.00 - $150,000.00 per year

Benefits:

401(k)
401(k) 3% Match
401(k) matching
Dental insurance
Happy hour
Health insurance
Life insurance
Paid time off
Prescription drug insurance
Professional development assistance
Retirement plan
Vision insurance

Physical Setting:

Office

Schedule:

Day shift

Experience:

Yardi: 1 year (Required)
Analysis skills: 1 year (Preferred)
Commercial Asset Management: 5 years (Required)

Broad Street Realty, Inc.

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Broad Street Realty, Inc. | Asset Manager